Behavioral Finance and Wealth Management: How to Build Optimal Portfolios That Account for Investor Biases
"Pompian is handing you the magic book, the one that reveals your behavioral flaws and shows you how to avoid them. The tricks to success are here. Read and do not stop until you are one of very few magicians."
—Arnold S. Wood, President and Chief Executive Officer, Martingale Asset Management
Fear and greed drive markets, as well as good and bad investment decision-making. In Behavioral Finance and Wealth Management, financial expert Michael Pompian shows you, whether you're an investor or a financial advisor, how to make better investment decisions by employing behavioral finance research. Pompian takes a practical approach to the science of behavioral finance and puts it to use in the real world. He reveals 20 of the most prominent individual investor biases and helps you properly modify your asset allocation decisions based on the latest research on behavioral anomalies of individual investors.
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Review: Behavioral Finance and Wealth Management: How to Build Optimal Portfolios That Account for Investor BiasesUser Review - Mike - Goodreads
So far, 5 stars. Excellent list of cognitive biases that affect investors, ways you can steer clear, and even ways to take advantage of the suckers out there who don't steer clear. Pure magic. Read full review
Review: Behavioral Finance and Wealth Management: How to Build Optimal Portfolios That Account for Investor BiasesUser Review - Mark - Goodreads
Gets to the point of psychological investing. Gives several examples with real world applications. Even includes some questions you can use to determine which biases you, or a client, have. Great breadth and depth! Read full review